Your client wants to invest a $250,000 inheritance and grow it to $325,000. Rounded to the nearest

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Your client wants to invest a $250,000 inheritance and grow it to $325,000. Rounded to the nearest month, how long will this take if the investment earns 7% compounded annually? (Taken from CIFP course materials.)

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:32 AM

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Your client wants to invest a $250,000 inheritance and grow it to $325,000. Rounded to the nearest

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Given PV 250000 FV 325000 j 7 compounded annually Each compoun...View the full answer

Business Mathematics In Canada

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